EU: Vapour Power Unit Market 2023

Vapour Power Unit Market Size in the EU

After two years of growth, the EU vapour power unit market decreased by -92.7% to $X in 2021. In general, consumption, however, saw a dramatic contraction. As a result, consumption reached the peak level of $X. From 2017 to 2021, the growth of the market remained at a somewhat lower figure.

Vapour Power Unit Production in the EU

In value terms, vapour power unit production soared to $X in 2021 estimated in export price. Over the period under review, production continues to indicate a relatively flat trend pattern. As a result, production reached the peak level and is likely to continue growth in the immediate term.

Vapour Power Unit Exports

Exports in the EU

In 2021, approx. X tons of condensers for steam or other vapour power units were exported in the European Union; with an increase of 166% on 2020. In general, exports recorded measured growth. Over the period under review, the exports attained the maximum at X tons in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

In value terms, vapour power unit exports soared to $X in 2021. Over the period under review, exports recorded a tangible expansion. The level of export peaked at $X in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

Exports by Country

In 2021, the Netherlands (X tons) was the main exporter of condensers for steam or other vapour power units, comprising 38% of total exports. It was distantly followed by Spain (X tons), Italy (X tons), Belgium (X tons), the Czech Republic (X tons) and Germany (X tons), together creating a 58% share of total exports. Poland (X tons) held a relatively small share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by the Czech Republic (with a CAGR of +24.0%), while the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X) emerged as the largest vapour power unit supplier in the European Union, comprising 53% of total exports. The second position in the ranking was held by Italy ($X), with a 15% share of total exports. It was followed by Germany, with an 8.7% share.

In the Netherlands, vapour power unit exports increased at an average annual rate of +17.3% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Italy (-9.5% per year) and Germany (-6.4% per year).

Export Prices by Country

In 2021, the export price in the European Union amounted to $X per ton, waning by -6.1% against the previous year. Over the period under review, the export price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 when the export price increased by 75% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2020 to 2021, the export prices remained at a somewhat lower figure.

Prices varied noticeably country of origin: the country with the highest price was Germany ($X per ton), while Spain ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+1.6%), while the other leaders experienced mixed trends in the export price figures.

Vapour Power Unit Imports

Imports in the EU

In 2021, supplies from abroad of condensers for steam or other vapour power units increased by 47% to X tons, rising for the third year in a row after five years of decline. Over the period under review, imports showed a resilient increase. The most prominent rate of growth was recorded in 2019 when imports increased by 70%. The volume of import peaked in 2021 and is likely to see steady growth in the immediate term.

In value terms, vapour power unit imports surged to $X in 2021. In general, imports enjoyed a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

The purchases of the five major importers of condensers for steam or other vapour power units, namely the Netherlands, Germany, Poland, Greece and Belgium, represented more than two-thirds of total import. The following importers - Austria (X tons) and Spain (X tons) - each resulted at an 8% share of total imports.

From 2012 to 2021, the biggest increases were in Greece (with a CAGR of +60.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X) constitutes the largest market for imported condensers for steam or other vapour power units in the European Union, comprising 46% of total imports. The second position in the ranking was taken by Poland ($X), with a 20% share of total imports. It was followed by Greece, with a 9.2% share.

From 2012 to 2021, the average annual rate of growth in terms of value in the Netherlands amounted to +46.7%. In the other countries, the average annual rates were as follows: Poland (+47.9% per year) and Greece (+50.9% per year).

Import Prices by Country

The import price in the European Union stood at $X per ton in 2021, surging by 136% against the previous year. In general, the import price continues to indicate a strong increase. Over the period under review, import prices attained the peak figure at $X per ton in 2018; however, from 2019 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was the Netherlands ($X per ton), while Belgium ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Poland (+9.5%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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